As I mentioned on http://www.wallstreak.com yesterday, I traded strangles on GOOG and BIDU in anticipation of GOOG's earnings. Both opened lower but not low enough for my positions. I made an intraday trade on GOOG Puts to offset the losses but chalk one up for the market makers on this one. Here are the results:
GOOG
Bought - GOOG 570 Call @ $6.00 and GOOG 490 Put @ $5.10
Sold 570 Call @ $10.00, Profit - $4.90
Sold 490 Put @ $0.00 (let these expire), Loss - $6.00
Bought - GOOG 580 Put @ $1.35 in the AM
Sold 580 Put @ $3.50, Profit $2.15
BIDU
Bought - 310 Call @ $3.46 and 290 Put @ $2.39
Sold 310 Call @ $0.00 (let these expire), Loss - $3.46
Sold 290 Put @ $0.00 (let these expire), Loss - $2.39
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment